Profitable Renewable Energy: Abundant & Scalable - CleanTechnica

The article from CleanTechnica highlights the rapid growth and increasing profitability of renewable energy worldwide. Technological advancements such as artificial intelligence (AI) and the Internet of Things (IoT) have enhanced the viability and scalability of renewables, reducing reliance on government incentives. The global renewable energy market is projected to expand from $1.26 trillion in 2025 to $4.60 trillion by 2035, with a compound annual growth rate of 12.48%. According to IRENA, renewables maintain a cost advantage over fossil fuels due to innovations, competitive supply chains, and economies of scale, alongside benefits like reduced dependence on volatile fuel markets and improved energy security. The business case for renewables is stronger than ever, driven by declining costs and their role in combating climate change. Despite ongoing challenges such as trade tariffs, raw material shortages, permitting delays, and grid capacity limitations, renewable energy technologies continue to mature and expand rapidly. The International Energy Agency (IEA) reports that